Ultra Clean Holdings Inc (UCTT)

Return on total capital

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	28,600	72,900	101,000	81,200	112,100	123,300	139,300	178,800	171,600	143,800	129,900	130,300	113,800	80,400	58,100	36,600	26,200	39,206	29,128	42,492
Long-term debt	US$ in thousands	461,200	464,100	467,100	470,000	493,000	509,200	—	—	529,900	545,100	573,100	259,800	261,600	272,600	322,100	323,900	283,400	304,172	330,895	329,810
Total stockholders’ equity	US$ in thousands	838,900	838,000	849,800	870,700	887,900	856,700	845,600	879,600	848,900	800,000	767,500	557,600	532,600	500,100	470,500	445,900	436,700	440,964	439,101	438,090
Return on total capital		2.20%	5.60%	7.67%	6.06%	8.12%	9.03%	16.47%	20.33%	12.45%	10.69%	9.69%	15.94%	14.33%	10.41%	7.33%	4.75%	3.64%	5.26%	3.78%	5.53%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $28,600K ÷ ($461,200K + $838,900K)
= 2.20%

Ultra Clean Holdings Inc's return on total capital has shown fluctuations over the past few quarters, ranging from a low of 2.20% to a high of 20.33%. The return on total capital indicates the company's ability to generate profits from its invested capital.

In the most recent quarter, the return on total capital was 2.20%, which is relatively low compared to the previous quarters. This could suggest lower efficiency in utilizing its capital to generate profits.

Looking at the trend over the past few quarters, the return on total capital has shown some volatility, with some quarters demonstrating strong performance (e.g., 20.33% in Mar 31, 2022), while others indicating weaker performance (e.g., 2.20% in Dec 31, 2023).

Analyzing the return on total capital in conjunction with other financial metrics would provide a more comprehensive understanding of Ultra Clean Holdings Inc's overall financial performance and efficiency in utilizing its capital resources. Further investigation into the factors influencing these fluctuations would be necessary to make informed judgments about the company's financial health.